The Lakeside Company uses a weighted-average process costing system. The following data are available:

Beginning inventory		-0-
Units started in production		23,800
Units finished during the period		17,900
Units in process at the end of the period (complete as to materials, complete as to labor and overhead)		5,900
Cost of materials used	$	59,130
Labor and overhead costs	$	61,110

Cost per equivalent unit of materials is:

Multiple Choice

• $2.48.

• $2.57.

• $3.15.

• $2.82.